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Are you a bank savings tart?
MSE_Tony
Posts: 100 MSE Staff
We’ve heard from MoneySavers armed with spreadsheets tracking their cash between several different bank savings accounts. Some just set up the standing orders and direct debits and leave the system to manage itself.
Do you have several bank accounts? How do you keep track? And what do you do when you run out of bills to meet accounts’ direct debit requirements.
Let us know here
Do you have several bank accounts? How do you keep track? And what do you do when you run out of bills to meet accounts’ direct debit requirements.
Let us know here
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Comments
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The first rule of current account tarting club is.....0
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MSE Tony: Money saving expert official.
Yeah right you are.:rotfl:0 -
I switched a few accounts last year, it was a faff but must admit £500 did help towards spending money in Florida last November.
Have to say Halifax's was the easiest of the offers to get paid. Did not feel I had to jump through lots of hoops to get it.0 -
Splitting my dual fuel has helped - two DDs instead of one
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I did but not for much longer now interest rates coming down on all of them and all my regular savers maturing. Only ones I intend keeping for now are Tesco which require no funding and no direct debits. Stocks and shares isa, emergency fund in Santander 123 and back up in Tesco.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
Save £12k in 2025 #1 £12000/£80000 -
Wouldn't you like to know.....
Check out the threads, or search for 'funding requirements' or 'Top bank accounts' which has over 1k comments or maybe 'Cycling money through bank accounts' which has 40 comments, which will answer your questions
Just a thought...I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
I've been a Savings Tart for years. Having recently taken redundancy and early retired need to have my money work for me. Importantly I have the time to every Thursday check my accounts. My wife and I have 3 Santander 123 accounts, Bank Of Scotland, TSB and First Direct Current accounts. We also have the Natiowide Flexdirect and enjoy the Insurance benefits of Nationwide FlexPlus. We do standing order transfers on 4th, 8th, 12th of each month and manage it with Quicken 2014 (later versions got too complex). Yes it's complicated but it's giving us a fair return.0
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Excel Spreadsheet. Multiple Bank of Scotland and Tesco. Couples can also add joint accounts as well. Regular savers from FD and HSBC and others are still good. Again doubled up if a couple. Feed all these from your Santander Accounts. Some Smaller Building Societies are worth doing too....beware local restrictions.
I counted up yesterday....89 accounts!. I just hope my spreadsheet continues to cope!0
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